iShares U.S. Medical Devices ETF $IHI Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management decreased its holdings in shares of iShares U.S. Medical Devices ETF (NYSEARCA:IHI) by 11.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 74,900 shares of the company’s stock after selling 9,382 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares U.S. Medical Devices ETF were worth $3,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Annex Advisory Services LLC acquired a new position in shares of iShares U.S. Medical Devices ETF in the 2nd quarter valued at $33,602,000. Envestnet Asset Management Inc. grew its stake in shares of iShares U.S. Medical Devices ETF by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 658,740 shares of the company’s stock worth $32,548,000 after purchasing an additional 4,089 shares during the period. Hamilton Wealth LLC grew its stake in shares of iShares U.S. Medical Devices ETF by 222.7% during the first quarter. Hamilton Wealth LLC now owns 263,760 shares of the company’s stock worth $14,072,000 after purchasing an additional 182,020 shares during the period. Congress Asset Management Co. bought a new stake in iShares U.S. Medical Devices ETF in the third quarter valued at about $13,481,000. Finally, Baird Financial Group Inc. increased its holdings in iShares U.S. Medical Devices ETF by 39.2% in the second quarter. Baird Financial Group Inc. now owns 154,893 shares of the company’s stock valued at $7,653,000 after purchasing an additional 43,629 shares during the last quarter.

iShares U.S. Medical Devices ETF Trading Up 3.5%

NYSEARCA:IHI opened at $56.51 on Tuesday. iShares U.S. Medical Devices ETF has a 1-year low of $47.37 and a 1-year high of $64.71. The business’s 50-day moving average price is $53.03 and its two-hundred day moving average price is $53.64. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 30.76 and a beta of 0.82.

About iShares U.S. Medical Devices ETF

The iShares U.S. Medical Devices ETF (IHI) is an exchange-traded fund that is based on the DJ US Select \u002F Medical Equipment index, a market-cap-weighted index of manufacturers and distributors of medical devices in the US. IHI was launched on May 1, 2006 and is managed by BlackRock.